Anyone can guess for today which culprit is recklessly dumping huge quantities of IOI PG shares again all the way down to RM1.26?

Price will stay the same or continue to drop, if the savvy investor with 6.66% holdings as at 9-04-2019 continue to dump shares at depressed prices.

Today & yesterday, the shares traded were huge at 8.34m & 11.10m respectively. The share price was bashed down to as low as RM1.28. I think we all know who is the culprit aggressively dumping off their shares at a loss again during these 2 days. Next week through the announcements, we shall find out & laugh out loud at their kamikaze actions.

It would appear that a substantial shareholder had been aggressively dumping the shares lately. Don't know true or not but the way they invest was to buy high and to later sell low.

Based on the selling pattern, it would appear that EPF had been selling for these past few days.

IDSS today sure kena taruh.

In view that at present there is no major shareholders having absolute control, can the board in any way be removed?

Any idea who is now the largest shareholder?

Stockker NTA rm 1.17, market price 22 sen, somebody should do a hostile on the company.

Impossible because the jokers hold 58.02% of the company's shares.

The worst kind of directors are those stingy ones that do not share profits with shareholders vide dividends while they help themselves to fat director fees & benefits year after year. They will also try to supress the MSP by not revaluing the landed assets for ages & in doing so distort the actual higher NTA. In addition to this there will also be a lot of related party transactions conducted at purportedly "arms length basis" where the beneficiary party does not benefit anything at all.

BCB Berhad
NTA RM1.17
PE 2.63
MSP RM0.22
Stingy Management for sure - No Dividends Declared
Ulterior Motives? Many lands/properties not revalued many years for whatever reasons
On the other hand exorbitant Directors Fees continues to be paid to incompetent board members of whom do not have a clue on how to to unlock the share values
MSP dictated by forced-sold weak margin a/c holders
Ridiculous beyond words

The biggest punch below the belt by IMZ I believe is the announcement of 10% PP @ super low price of RM0.192. No transparent announcement who subscribed to PP somemore. At that time the SP was @ around RM0.30. You know what happened aftrwards. Forced selling also bcos of IMZ & super low price PP also bcos of IMZ. We must report to MSWG.

Next year Annual Report 2018 top 30 shareholders list is gonna be interesting. See what position IMZ are gonna be in & who ultimately is the controlling shareholder.

Do not sell to IMZ bcos that is their objective. Lets all keep our holdings & worst case scenario sink together. If SP can sink from RM1.48 to RM0.18 the most the SP can further sink is only RM0.18 to zero. See who lose the most IMZ or us?

Probably after enough collection + consolidation by proxies, there will be announcements of off-market deals/ transfers to IMZ to reinstate their shareholdings to controlling levels. So far it appears that IMZ's objective was to supress the share price vide a cheap PP so that their proxies can recover the shares at a lower costs and at the same time reduced their forced selling losses.

If kumpul all labu-labi, kembung & bilis can get 50.01% or not to control the company & ultimately to sell the land to Nirwana or Nilai Xiao Ern.

By the way anyone knows who owns the most shares & ultimately controls the company now. Recently there are a lot of left hand throw, right hand catch & right hand throw, left hand catch to entice & trap more labu-labi + suppress the share price.

PP 9% subscribed but quietly no announcement on who is the placee? = maybe IMZ proxies subscribed & sell on the same day for fast $$$. The identities of the 30 largest shareholders in the upcoming Annual Report are gonna be interesting.

Muhammad Irfan Latif Saifi

We are on the same boat. My average price is around RM0.30. If I am you I will not sell. Your average price is decent as many got stuck between RM0.50 - RM1.40. If the price eventually does turnaround who do you think will breakeven & exit 1st. Of course you , as you need only RM0.033 to breakeven, an enviable position I think. How much further can the price still drop at RM0.21?

PP 9% also never declare who buy. Issue & sell on the same day cheapskate.

The PP at the lowest possible price was meant to depress the previous uptrend momentum to enable IMZ to buy back their forced sold holdings at low prices.

Based on the forced selling share plunge debacle and the timing of the private placement at ridiculously low price it would appear that IMZ actions are not transparent & many things were bulldozed through to serve their self interest. Let me ask you guys some questions:-

1) As at to date, do you know the identity of the private placement investor(s)? Why is IMZ so secretive & do not reveal their identity?
2) Tomorrow if there are no S219 announcements. Do you think there are more than 1 private placement investors, all holding less than 5% but if combined will add up to 9.02%? If the private placement investors sold off all of their holdings on the same day of listing, they do not have to notify bursa but will you know? The 9.02% may have been sold to you.

PP to make fast buta money. Any shares sold above RM0.192 = fast buta money.

Maybe until 2118 also we do not know the identity of the PP, proxies or cronies notwithstanding. Durian runtuh to them at our expense.

If there are no S219 announcements today or tmrw then it is likely that the PP are selling today to make buta money. The PP exercise is meant to enrich somebody ......... No transparency ........ Why not reveal the identity of the PP ......... IMZ please resign ........

It would appear that the PP does not benefit the company or the shareholders maybe just to serve IMZ self interest.

It looks like the PP are on selling spree.

IMZ shareholdings upon PP are now further diluted. IMZ should resign or must be replaced.

Yes I agree celaw0412 perhaps 4 names + sell immediately upon listing and make RM0.072 or RM2.7 million fast buta profit.
14/11/2018 09:00

IMZ respective share dilutions are also likely to be announced? if not then ........

If the placee is a singular person or a singular entity, there should be a S139 announcement soon as the additional shares would constitute 9.02% (37,528,895/416,123,845). If there is no S139 announcement then .........

The directors may buy or sell during the closed period. We do not know for sure yet.

2nd possibility sounds better.

Any possibility of proxies collecting and later seling to IMZ off-market @ +/- RM0.26.

Friday & Monday I got a hunch feeling Tan B.S. was selling his holdings probably to lock on to a tidy profit. My guess is correct unfortunately.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.thestar.com.my/business/business-news/2017/08/16/kapb-launches-real-estate-private-equity-firm/&ved=2ahUKEwjXkqi4gr3eAhWMKY8KHShDCwYQFjAAegQIBBAB&usg=AOvVaw18jBVOENBJQx8MLa7-ZeXC

http://www.kapb.com.my/members-of-the-board/

It is pretty obvious right? As always the board is taking "good" care of minority shareholders interest. The board fixed the price @ RM0.192, the 5 days average price during pricing crash (less 9.65% dirt cheap still give discount shake head), not earlier nor later when the price was/is higher. This way the "placee" pay less money & the company get less money (finger bend outwards not inwards). We must also commend the board for doing such a "good" job for using their shares as margin financing colleteral leading to last weeks debacle.

It seems that the fixing of the 10% share private placement issue price @ RM0.192 .... decided by the board today is not done in the shareholders' best interest .........
1) The board chose the lowest possible price, the company gets less money (+/- RM 8 million) thus defeating purpose of maximising working capital funding exercise. Why not do it earlier @ RM0.47 or do it later in the future when the share price stabilises.
2) Value of shareholders shares gets diluted, NTA becomes lower and there will be 10% extra shares in circulation once completed.
3) "Somebody" don't know who gets to own 10% of the shares cheaply & can immediately make fast profits by selling the same based on today closing prices @ RM0.305.
The board's decision today smells a conspiracy.

Who's interest are the board protecting?

Exercise ESOS must pay RM305K, right?

Wow based on latest filings it seems that forced selling of the directors shares by Bank was still ongoing yesterday & today? Should that be the case, don't play play with Bank, they will hit you so hard that you will hardly recover.

Hope TBS accumulates more to become the 51% controlling shareholder with an eye on the Kajang 500 acre land. However if TBS starts dumping tomorrow to take profit ..........

Chairman Datuk Seri Mansor Masikon, managing director Zulkarnin Ariffin and Datuk Ismail Osman were all forced to sell a total of 53.81 million shares or a 14.3% stake, according to filings with the stock exchange.

Zulkarnin told SunBiz that he does not rule out the possibility of accumulating the company's shares again, stating that he can do so if he meets certain requirements. He did not elaborate.

..... if he can meets certain requirements ....... Meaning?

Lets hope that MZI do not find ways to issue ESOS at very very low prices or find ways to bring down significantly the warrants exercise price (as MZI hold a lot of warrants) or find ways to issue more shares at very very cheap prices.

Unless there are a lot of different/hidden proxies or nominees accounts involved during the last 3 days of active & huge trading of shares, any accumulated holdings of 5% by a same person/entity must be duly declared.

osseng74
1 month before quarterly results announcement, irrespective of buy or sell, directors must 1st declare their intention to trade. Correct me if I am wrong.

Fri 26/10/18 volume = 120.49M shares
Mon 29/10/18 volume = 167.47M shares
Tue 30/10/18 volume = 120.91M shares
Total volume = 408.87M shares
Issued Share Capital = 376.59M shares
Shares Turnover = 108.57% = Megalodon Feeding Frenzy
My 1st question is why yesterday albeit 167.47M shares change hands but theres no announcements of any shareholdings change pursuant to S138 & S219 CA2016? Any opportunist predators buying?
The only announcements today are M and Z intention to deal in securities during the current closed period.
In this respect, my 2nd question is from tomorrow thereon are M and Z gonna aggressively buy back from the open market to build back their shareholdings or vigorously sell down their shares to kamikaze the ship?

Maybe M & E by Sime Darby can happen.

Or maybe a dividend of RM0.10 will be declared.

Maybe there are good news to be announced after 5pm.